A meeting in Manama also calls for an immediate ceasefire in Gaza and an end to forced displacement in the Palestinian territory
mena10 hours ago
Some of the Middle East's biggest industrial firms facing massive increases in energy costs in the wake of subsidy reforms are being advised to reduce their carbon footprint to make multi-million dollar savings.
The problem of rising energy spend has been highlighted by Saudi Arabian dairy firm Almarai, which says that utility price increases combined with new crop-growing restrictions will increase its costs by SR500 million (Dh489 million) this year.
Immediately following its recent statement in response to the reduction of government subsidies, the company's shares fell by eight per cent, but PA Consulting Group says companies like Almarai can make huge savings through investment in low emission technologies.
SURVEY SAYS...A study among more than 500 marketing experts underlined why the significance of 'going green' is increasing, and how it gives companies a competitive advantage: . 70% saw an increase in the significance of sustainability for marketing efforts . 60% believed going green increases trust in the brand . 56% said green companies are seen as more innovative and future-oriented . 50% saw green companies as positively differentiating them-selves from their competitors. |
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